What made the actions of the founders of the Fyre Festival fraud?%0D%0A%0D%0A(1 point)%0D%0AResponses%0D%0A%0D%0AThey got investors to commit funds to the festival.%0D%0A%0D%0AThey got investors to commit funds to the festival.%0D%0A%0D%0AThey provided financial reports with false information.%0D%0A%0D%0AThey provided financial reports with false information.%0D%0A%0D%0AMany attendees were very disappointed in the product provided.%0D%0A%0D%0AMany attendees were very disappointed in the product provided.%0D%0A%0D%0AThe founder may be required to refund the money paid by participants.
The actions of the founders of the Fyre Festival can be considered fraud because they deceived investors and attendees by promising a luxury music festival experience that they knew they could not deliver. They misrepresented the event's amenities, accommodations, and performers, leading to financial losses for investors and disappointment for attendees. Additionally, providing false financial reports further perpetuated the fraudulent nature of the festival. The founders may be required to refund the money paid by participants as a result of the fraud.
